Asked by Jaren Harth on Jul 21, 2024
Verified
(Table: Alaina's Utility from Consuming Cups of Coffee) Use Table: Alaina's Utility from Consuming Cups of Coffee.Alaina's marginal utility from consuming her sixth cup of coffee is _____ utils.
A) 43
B) 82
C) 4
D) 0
Marginal Utility
The further benefit or pleasure derived by consuming an extra unit of a good or service.
Utils
A theoretical unit of measurement used in economics to quantify the level of satisfaction or happiness that a consumer derives from the consumption of goods and services.
- Comprehend the crucial role of diminishing marginal utility in influencing consumer choices.
Verified Answer
CB
Courtney BocciaJul 26, 2024
Final Answer :
C
Explanation :
Marginal utility is the change in total utility from consuming one additional unit. Without the specific table data, the correct answer cannot be determined from context or calculation. However, based on the question's structure, if we assume a typical scenario where marginal utility decreases with each additional unit consumed, and given the options, a small number like 4 utils for the sixth cup could be a reasonable guess reflecting diminishing marginal utility.
Learning Objectives
- Comprehend the crucial role of diminishing marginal utility in influencing consumer choices.
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